7 unchanged sentences
To date, we have not entered into any hedging arrangements with respect to foreign currency risk or other derivative financial instruments.
−Removed: During the years ended January 31, 2022, 2021 and 2020, a hypothetical 10% change in foreign currency exchange rates applicable to our business would not have had a material impact on our consolidated financial statements.
+Added: During fiscal 2023, 2022 and 2021, a hypothetical 10% change in foreign currency exchange rates applicable to our business would not have had a material impact on our consolidated financial statements.
Interest Rate Risk
13 unchanged sentences
In February 2018, we issued the 2023 Notes due February 15, 2023 with a principal amount of $345 million, of which $224 million and $70 million were repurchased in September 2019 and June 2020, respectively.
−Removed: Concurrently with the issuance of the 2023 Notes, we entered into separate Note Hedges and Warrant transactions, a portion of which were terminated in September 2019 and June 2020 in connection with the 2023 Notes Partial Repurchases.
+Added: Concurrently with the issuance of the 2023 Notes, we entered into separate Note Hedges and Warrant transactions, a portion of which were terminated in September 2019 and June 2020 in connection with the partial repurchases of the 2023 Notes.
The Note Hedges were completed to reduce the potential dilution from the conversion of the 2023 Notes.
−Removed: Additionally, through January 31, 2022, we received and completed requests to convert approximately $33.4 million principal amount of 2023 Notes (not in connection with the 2023 Notes Partial Repurchases) and exercised and net-share-settled Note Hedges corresponding to approximately $33.4 million principal amount of 2023 Notes.
−Removed: Subsequent to January 31, 2022, the Company received conversion requests for approximately $2.0 million aggregate principal amount of the 2023 Notes.
+Added: Additionally, through January 31, 2023, we received and completed requests to convert approximately $51 million principal amount of 2023 Notes (not in connection with the partial repurchases of the 2023 Notes) and exercised and net-share-settled Note Hedges corresponding to approximately $45 million principal amount of 2023 Notes.
In September 2019, we issued the 2025 Notes due September 1, 2025 with a principal amount of $1,060 million.
7 unchanged sentences
However, the fair value of the Notes is exposed to interest rate risk.
−Removed: Generally, the fair market value of the fixed interest rate of the
−Removed: Notes will increase as interest rates fall and decrease as interest rates rise.
+Added: Generally, the fair market value of the fixed interest rate of the Notes will increase as interest rates fall and decrease as interest rates rise.
In addition, the fair value of the Notes fluctuates when the market price of our common stock fluctuates.
−Removed: The fair value was determined based on the quoted bid price of the Notes in an over-the-counter market on the last trading day of the reporting period.
+Added: The fair value was determined based on the
+Added: quoted bid price of the Notes in an over-the-counter market on the last trading day of the reporting period.
See Note 5 to our consolidated financial statements for more information.
+Added: Changes in the interest rate environment upon maturity of this fixed rate debt could have an effect on our future cash flows and earnings, depending on whether the debt is replaced with other fixed rate debt, variable rate debt or equity.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.